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#NFPCryptoImpact Elon Musk's rumored 'X Money' could revolutionize the cryptocurrency market, with plans for X Payments potentially launching without full U.S. approval. This initiative, part of Musk's ambition to transform X (formerly Twitter) into an 'everything app,' may integrate Bitcoin and other digital currencies, possibly triggering a market surge.
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$BTC Bitcoin has proven to be a strong hedge during economic uncertainty and market downturns, offering stability when traditional markets falter. Its low correlation with equities, commodities, and bonds enhances portfolio diversification, making it a valuable asset for investors seeking to mitigate risk and improve overall returns in volatile economic environments.
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$BTC $ETH Bitcoin (BTC-USD) continued a decline Thursday to touch its lowest levels since November, trading as low as $91,600. The cryptocurrency's recent descent comes after it had climbed to record highs in the wake of President-elect Donald Trump's win in early November
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#OnChainLendingSurge Use this Onchain Channel in Weekly Timeframe - on BTCUSD BUTSTAMP Chart: This Moving average channel is weighted based on BTC's new Supply: I believe the slope of the Bitcoin trend line is correlated to the new supply and the issue of Halving. The chart below shows this:
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$BTC Bitcoin continues to edge down and trades below the $94,000 level on Thursday after falling more than 5% this week. Bitcoin US spot ETFs recorded an outflow of over $568 million on Wednesday. CryptoQuant data shows that reducing stablecoin inflows signals a weakening buying pressure.Bitcoin (BTC) continues to edge down, trading below the $94,000 level on Thursday after falling more than 5% this week. Bitcoin US spot Exchange Traded Funds (ETFs) recorded an outflow of over $568 million on Wednesday, showing signs of decreasing demand. Moreover, CryptoQuant data shows that reducing stablecoin inflows weakens buying pressure and hints at further decline in Bitcoin price.
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